WSJ Your Money Briefing Tesla Turmoil, WK Kellogg Gains, MP Materials Soars
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Jul 12, 2025 Tension between President Trump and Elon Musk sent Tesla shares on a rollercoaster ride. WK Kellogg saw a boost thanks to significant food-industry deal news. Meanwhile, a strategic Pentagon investment sparked a surge in shares of rare-earths miner MP Materials. Join the discussion on how these factors are shaping the stock market landscape!
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Trump-Musk Feud Hits Tesla Stocks
- The feud between Trump and Elon Musk affects Tesla's stock notably.
- Tesla shares dropped 6.8% after Musk announced a new political party and Trump's criticism.
Ferrero Acquires W.K. Kellogg
- Ferrero agreed to acquire W.K. Kellogg for roughly $3 billion to expand European presence.
- W.K. Kellogg is distinct from Kellogg, spun off its North American cereal business in 2023.
Pentagon Backs MP Materials
- Pentagon invested in MP Materials to boost US rare-earth magnet production.
- China controls rare earths, so the deal aims to break this monopoly and build a local factory.